Companies
Glencore CEO Quits Rusal Board After US Sanctions
Middle East Business News - Published date: .
Swiss mining mammoth ‘still evaluating’ its contracts with Russian firm and won’t be going through with planned de... Read more
Gulf General Investment Company In Talks With Lenders To Restructure Debt
Middle East Business News - Published date: .
The Sharjah-based firm is in the process of negotiating with its lenders to restructure certain existing loan and credit... Read more
20 Years After Viagra, Pfizer Seeks Another Miracle Drug
Middle East Business News - Published date: .
Pfizer forecasts it will spend $7.4 to $7.9 billion this year on R&D Read more
Foxconn Unit To Buy Belkin In Brand Push
Middle East Business News - Published date: .
FIT will pay $866m in cash for Belkin, a maker of Wi-Fi routers, mobile device chargers and keyboards Read more
Akzo Nobel Sells Chemicals Business To Carlyle For 10.1b Euros
Middle East Business News - Published date: .
Carlyle commits to keep chemicals headquarters in Netherlands Read more
Novartis Sells Stake In Joint Venture To GSK For $13 Billion
Middle East Business News - Published date: .
The group said sale of 36.5% stake will enable it ‘to further focus on the development and growth of its core business... Read more
Facebook Shares Plunge 5.2 Per Cent As FTC Confirms Investigation On Privacy
Middle East Business News - Published date: .
FTC investigation is focused on whether Facebook violated terms of a 2011 consent decree over its handling of personal u... Read more
US Gunmaker Remington Files For Bankruptcy
Middle East Business News - Published date: .
Remington, America’s oldest gunmaker, said in February it would reduce its $950m debtload in a deal that will transfer... Read more
Marka Updates Figures To Reflect Steeper Loss
Middle East Business News - Published date: .
Preliminary figures issued last month showed losses at Dh218m Read more
Toshiba Awaits Regulator Approval For Key Chip Unit Sale
Middle East Business News - Published date: .
Under the deal, Toshiba had expected to meet all the sale conditions by March 23 and complete by March 30 Read more
Abraaj Is Said To Consider Sale Of Fund Unit Stake To Raise Cash
Middle East Business News - Published date: .
The group has held discussions with advisers about selling part of the newly separated investment business, according to... Read more
Taiwans HTC To Get Google Boost As It Posts Biggest Loss
Middle East Business News - Published date: .
HTC has suffered consecutive losses due to stiff competition in the smartphone sector from Apple, Samsung and strong Chi... Read more
Uber Sells Southeast Asia Business To Grab After Costly Battle
Middle East Business News - Published date: .
Uber to own 27.5% of Grab; Transaction marks second exit for Uber in Asia Read more
UAEs Healthcare Industry Needs To Watch Its Debt Burden
Middle East Business News - Published date: .
For too long it has fattened itself on easy money to fund expansion sprees Read more
DP World To Develop, Manage Port In DR Congo
Middle East Business News - Published date: .
Company to make initial investment of $350m, with total project cost at over $1b Read more
Saudi Dairy Firm Nadec To Buy Danone Unit Via Capital Increase
Middle East Business News - Published date: .
Nadec will fund the acquisition of privately held Al Safi Danone through a capital increase of 536 million riyals ($143 ... Read more
UK To Order Facebook, Google To Redo Data Policies: Report
Middle East Business News - Published date: .
The government has summoned executives from Facebook, Google and Twitter to a meeting in April to discuss data managemen... Read more
Sinopec Lifts Capex After Best Posting Annual Profits Since 2013
Middle East Business News - Published date: .
Sinopec net income up 10.1% in 2017 on higher oil prices Read more
Ministry Of Finance, DP World Sign Deals With Kazakhstan
Middle East Business News - Published date: .
DP World now plans to acquire a 51 per cent stake in the Khorgos SEZ and 49 per cent in the Aktau SEZ Read more
$2.6b Potential Payout To Musk Would Be Highest
Middle East Business News - Published date: .
Tesla board members to vote for plan at March 21 meeting Read more